Innovation Valley Welcomes BHS North America to Knox County - KALB-TV News Channel 5 & CBS 2
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SOURCE: Knoxville Chamber
The German corrugated roller remanufacturer will be the first tenant in Knox County’s Hardin Business Park.
Knoxville, Tennessee (PRWEB) October 05, 2012
The Knoxville Chamber and The Development Corporation of Knox County proudly announced BHS Corrugated North America is relocating to Knox County and will serve as the first tenant Knox County’s Hardin Business Park Friday morning. As part of the expansion, the German corrugated roller remanufacturer expects to add an additional 35-40 employees. In total, about 70 employees are expected at the West Knox County location with an annual payroll of almost $4 million at the facility.
“We’re delighted BHS Corrugated is going to stay in East Tennessee and move into the Innovation Valley,” Rhonda Rice, executive vice president of the Knoxville Chamber said.
The Knoxville Chamber and The Development Corporation of Knox County worked exhaustively with BHS over the course of 2012 to keep the manufacturer in East Tennessee. Currently operating in Rutledge, Tennessee with about 40 employees, the corrugated roller expansion project was pursued by a number of other large communities. Competition was fierce as several communities offered free land as well as state incentives to lure the jobs out of Tennessee.
“BHS Corrugated’s decision to move into Knox County over communities offering very generous incentives is further evidence Innovation Valley is the place to locate, grow, or start a business,” Todd Napier, President and CEO of The Development Corporation of Knox County said.
Several publications have heralded Knoxville as a community to closely watch. Most recently, Business Facilities Magazine touted Knoxville as “synonymous with growth” and called the Innovation Valley the nation’s tenth best area for economic growth potential in the United States.
BHS Corrugated is expected to invest at least $6.4 million in building and equipment at Hardin Business Park. The business park, located in West Knox County is fewer than 5 miles from Interstate 40 and sits in the heart of Innovation Valley’s world-class research and technology corridor, anchored by the Oak Ridge National Laboratory and McGhee Tyson Airport.
About the Innovation Valley
The Knoxville-Oak Ridge Innovation Valley is the regional economic development initiative of the Knoxville Chamber is home to some of the world’s most advanced minds. Named the top #1 area in the United States for green job growth in 2011 by Brookings Institution, the Innovation Valley is home to the Oak Ridge National Laboratory, the University of Tennessee, Scripps Networks Interactive, Pilot Flying J, and many more world-class organizations. To learn more, visit http://www.knoxvilleoakridge.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb9980586.htm
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